ContextLogic Inc. (NASDAQ:WISH) Q3 2023 Earnings Call Transcript

Vivian Liu: Yeah. I think, from a macro standpoint, obviously, the inflation is still pretty high and the disposal income is still pretty tight for most shoppers. And in this environment, people tend to trade it down on price and seeking more deals and promotions. Wish has been known for value for price, right? And it’s a destination for a lot of value-conscious customers, particularly for the holiday shopping. So, we expect that momentum to continue to be favorable to us. So, I think that’s probably a tailwind for us for Q4 as well. Yeah, I think probably, if the inflation pressure continue to rise, then it could — at a certain point, it could be kind of a headwind for us, but so far I think macro level is being helping us.

Unidentified Analyst: Okay, great. Thanks. Very helpful.

Operator: Thank you. [Operator Instructions] And this does conclude the question-and-answer session of today’s program. I’d like to hand the program back to Wish’s CEO, Joe Yan. Please go ahead, sir.

Joe Yan: Thanks, everyone, for joining our earnings conference call, and we look forward to talking to you throughout the quarter.

Operator: Thank you, ladies and gentlemen, for your participation in today’s conference. This does conclude the program. You may now disconnect. Good day.